Weik Investment Services Inc. Has $1.324 Million Stake in Harley-Davidson Inc (HOG)

Weik Investment Services Inc. decreased its position in Harley-Davidson Inc (NYSE:HOG) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,890 shares of the company’s stock after selling 650 shares during the period. Weik Investment Services Inc.’s holdings in Harley-Davidson were worth $ 1,324,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock worth $ 335,000 after buying an additional 34 shares during the last quarter. Fulton Bank N.A. increased its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the last quarter. Pacer Advisors Inc. increased its stake in Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $ 224,000 after buying an additional 117 shares during the last quarter. Mason Street Advisors LLC increased its stake in Harley-Davidson by 0.8% in the first quarter. Mason Street Advisors LLC now owns 24,369 shares of the company’s stock worth $ 1,474,000 after buying an additional 187 shares during the last quarter. Finally, Commerce Bank increased its stake in Harley-Davidson by 4.6% in the first quarter. Commerce Bank now owns 6,168 shares of the company’s stock worth $ 373,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE:HOG) traded up 0.89% during mid-day trading on Friday, hitting $ 52.32. 1,409,997 shares of the stock traded hands. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a 50-day moving average of $ 56.37 and a 200 day moving average of $ 58.35. The firm has a market capitalization of $ 9.21 billion, a P/E ratio of 14.92 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $ 1.36 earnings per share. On average, equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio is presently 38.22%.

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A number of equities research analysts have recently weighed in on HOG shares. Stifel Nicolaus restated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Deutsche Bank AG restated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a research note on Tuesday, April 18th. Finally, Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $ 56.12.

About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

12 Month Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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